Fears of recession ‘fading’
Economy resilient despite more intense load-shedding, thanks to private sector and households investing in own energy generation
26 September 2023 - 12:25
UPDATED 26 September 2023 - 19:10
The SA Reserve Bank’s six-month indicator measuring economic performance surprised at the start of the third quarter, suggesting recession fears are fading even as the country continues to face acute power shortages and inefficient logistics networks.
Bank data released on Tuesday shows economic activity grew 0.1% month on month in July after an upwardly revised 0.2% uptick the previous month, marking the second consecutive month of improvements in the business indicators after four straight months of declines. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.